RBI, small fin banks licensees discuss regulatory concerns

Mumbai, Jul 18 (PTI) The newly appointed deputy governor N S Vishwanathan today met the entities that have received in-principle approval for setting up small finance banks and discussed their concerns over the regulatory requirements.

"They have been given in-principle approvals subject to their meeting certain conditions to become small finance banks. We reviewed what they are doing as part of this journey to meet those requirements and also what would be the regulatory framework. Whatever clarifications they wanted, I gave them," RBIs newly appointed deputy governor N S Vishwanathan told reporters here after meeting the entities.